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Parents and kids and money

As parents, we understand the importance of literacy. We sit for hours reading with our children. However, children must be “literate” about money matters, too.

Learning how to think about money and manage it wisely is an equally important life skill. We must patiently help our kids “sound out” the many ways to control money. Our kids will learn by doing. Some lessons will be thrilling. Others will be frustrating, even painful.

In the end, we hope that our children will grow into financially responsible adults. The rewards are life-altering: living within their means, free from the anxieties of debt, and secure in their future.

This section will give you tips and tools for teaching money literacy – and help you assess your ability to model good financial habits. Read on!

Just for Moms

Saving money on Halloween:

In 2013 86% of consumers said they wanted to spend less money overall on Halloween, according to the National Retail Federation, the world's largest retail trade association. Here are some not so spooky ideas to save while stay making Halloween a treat for the kids.

1. When it comes to saving $$ on candy remember the 2 H's

2. When it comes to haunted houses or other theme park thrills – try and visit on low traffic days (Sunday – Wednesday) the price usually drops on these days and the scare factor remains the same!

3. Pumpkin carving is fun no matter where the pumpkins come from! Buying pumpkins from your local grocery store is usually much more affordable than traveling to a pumpkin patch.